SURVEILLANCE RESULT OF THANH THANH CONG INDUSTRIAL ZONE JSC FOR 2025

* SURVEILLANCE RATING RESULT (second year of monitoring): vnA

* OUTLOOK: Positive

* DATE OF RATING CERTIFICATION ISSUANCE: July 10, 2025

* BUSINESS LINE: Real estate leasing

* RATING COMMITTEE:

Mr. Bui Van Long, MSc

Mr. Nguyen Minh Duc, MSc

Ms. Bui Thu Huong, MBA, CFA

* ANALYSTS:

Ms Do Phuong Lan, MDE

Ms. Cao Thi Thanh Thuy, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Thanh Thanh Cong Industrial zone JSC (TTC IZ): None

– Saigon Ratings’ bond ownership in Thanh Thanh Cong Industrial zone JSC (TTC IZ): None

– Saigon Ratings’ other debt instrument ownership in Thanh Thanh Cong Industrial zone JSC (TTC IZ): None

– Saigon Ratings employee’s share ownership in Thanh Thanh Cong Industrial zone JSC (TTC IZ): None

Saigon Ratings is committed to the implementation of credit rating independently and objectively.

Saigon Ratings issued a credit rating report as a reference information; it is not an investment or capital contribution recommendation for debt instruments issued by the rated company (Thanh Thanh Cong Industrial zone JSC (TTC IZ)).

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